Auto Lease Buyout - Promo - OC Federal Credit Union

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GET A GREAT RATE ON YOUR AUTO LEASE BUYOUT LOAN

Keep the car you love with a lease buyout auto loan from OC Federal!

Our Loan Zone lending team has over 100 years of combined experience which means you will get the best rate and terms for your needs. We guide you through the process of financing your lease buyout.

Get started on your quote today! Call or complete the form below.

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You’ve got questions.
We’ve got answers!

WHAT DO I NEED TO QUALIFY?

Once you submit a completed loan application, we consider several factors including credit score, credit history, personal income and your ability to repay.

Do you handle title transfers?

We handle all title transfers when you finance a vehicle with us.

GAP (Guaranteed Asset Protection) insurance is a coverage we offer that pays the difference between the actual cash value (ACV) insurance company settlement and the eligible balance of the member’s loan in the event the vehicle is stolen or damaged beyond repair.

Can I get pre-approved before I shop for a vehicle?

If you meet our membership eligibility requirements and underwriting standards, we can pre-approve you for a loan. Get extra bargaining power and shop dealerships with confidence knowing exactly what you can afford.

Can I finance a private-party sale through you?

Yes, members can finance a private-party vehicle purchase with us. We will not finance any vehicles with salvage or rebuilt titles.

HELPING YOU PROTECT YOUR INVESTMENT

GAP Insurance

We offer Guaranteed Asset Protection (GAP) insurance that covers the difference between an insurance settlement and your loan payoff in the event your vehicle is stolen or declared a total loss. That difference could be as high as thousands of dollars – which you would owe out-of-pocket to pay your loan back.

Mechanical Breakdown Protection

Avoid expensive repairs should your vehicle break down with affordable coverage options to ensure your vehicle is protected. Plus get access to more coverage benefits like Roadside Assistance Reimbursement, Rental Vehicle Assistance, Tire Road Hazard, and Trip Interruption.

Credit Life and Disability Insurance

Don’t leave loan expenses for your loved ones. We offer affordable insurance designed to cover your loan payments in the event of death or disability.

Side view of man in sunglasses using smartphone near car

Bill Lebus, Loan Zone Manager, VP, answers your questions:

I am considering buying out my lease; is this a good idea?

With cars in hot demand, they’re selling at all-time high prices. That’s why many lease customers are looking at trade-in values for their vehicles and choosing to buy out their lease.

What is a lease buyout?

Buying out a lease involves paying the car’s “buyout price” according to the lease contract, which then makes you the car’s new owner. Buying out a lease makes the most sense when you are nearing the end of your lease term.

How can I determine my car's buyout price?

Look for the term “residual value” in your lease contract. This tells you what your car is expected to be worth at the end of the lease term.

Will I need to pay any fees in addition to the buyout price?

Your vehicle’s buyout price may be subject to an auto sales tax and your lender may charge additional fees on top of that. Take note of your lease contract details so you’ll know the true total you’ll be paying before deciding to purchase a leased car.

The good news is that you won’t be accountable for typical lease-end fees, which can include the costs of reconditioning the vehicle and any over-mileage penalties.